Examples of First Performance Period in a sentence
The target performance goals with respect to the Liquidity Metric are: (a) $850 million, with respect to the First Performance Period; and (b) $775 million, with respect to the Second Performance Period.
The target performance goals with respect to the Value Enhancement Plan metric are: (a) $50 million on an annualized basis, with respect to the First Performance Period; and (b) $75 million on an annualized basis, with respect to the Second Performance Period.
Under the KEIP, the Annualization Factor for the First Performance Period is 2.95, and the Annualization Factor for the Second Performance Period is 1.77.
If the Share Price Hurdle is not met at the end of the First Performance Period, the Tranche 6C options will be re-tested at the end of the Second Performance Period.
If the EPS Hurdle is not met at the end of the First Performance Period, the Tranche 6A and 6B options will be re-tested at the end of the Second Performance Period, measuring the Company’s annual compound growth in EPS over the Second Performance Period applying the vesting schedule.